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now, again, they backed obama to negotiate on the debt ceiling. he said at the beginning of this that this deal would produce a long-term deal with the debt ceiling. he budged -- >> my apologies, i do have to interrupt you, we have to go to a break. half of the cycle, on msnbc, you are watching live coverage of the fiscal cliff talks on "msnbc." gh. ♪ doing it with a cold, just not going to happen. vicks dayquil -- powerful non-drowsy 6-symptom cold & flu relief. ♪ no matter what city you're playing tomorrow. [ coughs ] [ male announcer ] you can't let a cold keep you up tonight. ♪ vicks nyquil -- powerful nighttime 6-symptom cold & flu relief. ♪ 6-symptom cold & flu relief. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults
senators to oppose the deal. and tweeted, "how can barack obama call the proposal a debt reduction pack knowledge it uses tax increase to fund more spending and it increases the debt?" boehner is getting more cut over the fight over the debt creeling that expires in two months. white house aides think it could backfire, an advisor admitted it would be ugly. telling fox we're about to enter 60 days of nastiness. i'm told the president has not spoken to speaker boehner since last friday when they had the summit of leaders here at the white house. the significance of that is that boehner made absolutely no promise to the president he is going to pass the legislation. let alone even bring it up. bret? >> bret: ed, you know, we talked a little bit about the timeline here. the new congress comes in thursday. at noon. so essentially, this senate bill has an expiration date of thursday at noon. at that point, they have to scrap the effort and start all over again. >> that's right. it's essentially the new fiscal cliff, that deadline. every piece of legislation passed by the house or the senate
. this is what they are fighting for. it is wild. sexting dollar trillion of debt is bush and obama tax cuts -- $16 trillion that is the bush tax cuts that keep coming up. the medicare plan be. that is the other is trillion dollars. we cannot rely on the american people to allow this to happen. host: a prediction of a possible vote later on today -- the a p noted in a story earlier this morning that tea party senators did approve, some of them, a couple of them, did approve this deal earlier this morning in the senate. also, the ap report in this morning that officials also decided at the last minute to use the measure to prevent a $900 pay raise for lawmakers to take effect this spring. that is something our callers often or not, the congressional salaries, that was also in this bill. a poll was on our facebook pages today. -- page yesterday. should there be a compromise or should we go over the cliff? we had to under 39 people who said we had to forge a compromise. -- 239 people who said we need to form -- forge a compromise. a little fewer -- less people said that we needed to go over the
for president obama and the leaders of congress. the whole thing may be worked out in the next few days. the debt ceiling needs to be raised by congress and the republicans feel they have the upper hand over president obama and the democratic party. >> north korea's leader has given a surprise new year's address to the nation. he said that the two koreas should be reunited. but the young leader also stressed the importance of strengthening north korea's military. >> for north koreans used to simplicity rather than extravagance, this was a rare treat. but apparently the leader says that 2012 as a historic year was worth celebrating. there was a successful rocket launched in september. he told the nation that he would build on it. he spoke on the need to improve relations with south korea appear the messages more conciliatory than recent years. >> this year, the entire nation should unite in opening in new chapter to reunite our fatherland. >> he did not denounce the presence of u.s. military troops in south korea. he did not criticize conservative groups in south korea. the studio had be
would refuse to raise the debt ceiling and if obama throws down the gauntlet, i'm not sure we would not hit it. there is a lot of the senators who went into the meeting saying, we cannot go for this. host: we have a tweet. guest: i believe it will but not as much as everybody hoped. obama was asking for $1.2 trillion. there was a major concession on the estate tax. they ended up agreeing to a $5 million cut off and a 40% taxation rate. that is a significant chunk of revenue. host: it seems republicans are nervous as well. this is a conservative blog. "it is an enigmatic riddle for you. you get tax hikes and no spending cuts. in fact, we will spend even more as a result of this deal." guest: i think democrats are coming out on the losing end. the rates have already gone up. they are essentially agreeing to a tax rate and not getting any spending cuts for it. between now and around two, they will get beat up by a lot of their members. there will be sweating through this vote today. host: we have a tweet from bill king. thomas, you are on the air. caller: good morning. happy new year.
republicans is the fact that this deal does not do anything about the debt limit. remember, obama really wanted to include a debt ceiling increase at least for a year. that's not in there. so that's a big loss for the president, that nobody's really talking about. what that means is the republicans have another bite at the apple here. the debt ceiling has been reached according to the treasury secretary. what that means is they probably got several more weeks to shuffle around federal money to keep the government operating, but that gives republicans another opportunity to try to force big spending cuts. as a sequester, it's been put off for two months, but in two months they have to come up with another way to make cuts. the president says it won't be all spending cuts but it will be some spending cuts. that gives democrats the chance to do the kind of spending reductions they have been talking about for two years. >> what the republicans in the u.s. house are going to vote on is whether or not to increase taxes on individuals at $400,000 or couples at $450,000. the house rejected it wh
to pretend. in the first term he had to pretend he cared about spending and debt. in fact, when he sold obama care, if you remember the first speech, he said this is a way to deal with our debt. the main driver of debt is healthcare costs and what i'm going to do is going to cure the problem. that's how he sold it i don't think he believed it then. i'm not sure he believes it now. >> just such a good segway because you don't even know that i have these things in my back pocket. [ laughter ] and because i didn't brief you before. >> this is like abbot and costello. >> bret: it really is. we'll end 2012. >> he have been doing the gig for so long don't have to communicate. >> bret: listen to the president talk about entitlements and when he talking to republicans. >> the major driver of our long-term liabilities, everybody here knows is medicare and medicaid and our healthcare spending. nothing comes close. social security we could probably fix the same way tipp o'neal and ronald reagan sat down together and they could figure something out, that is manageable. medicare and medicaid, massive prob
of esident obama's economic policies, higher taxes, more debt, but you can make money. i promise! i recently got the low down on exactly what to do from spencer patton, the chief investment officer at steel vine invements. he started off giving his recipe on how toandleax changes for capital gains and dividends. >> capital gains taxes are going higher. it's just a matter of how much higher they are going. the smart thi to do, whether you own a business or own stocks is to sell. if you hold from december 31st to january 1st, you're taking somewhere between a% to a 15% hit because you're going to be paying more taxes. it's rising from 15% on longerm term capital gains. first, raise capital. sell what has been winning foru. you. melissa: get out while the getting is good. we saw that in the target -- stock market the past two days. the second thought is buying a single family home, how come? wh >> do what warren buffet does. it's a great strategy. if you can do anything, he would bu 40,000 single family homes and use them as rentals. that makes sense here because if you can get a loan, you can
a bad deal. he voted against it. "the new york times" says it weakens president obama's hand going forward and may hurt him in the debt ceiling negotiations. he has ruled out any negotiations over the debt ceiling and on monday he vowed that revenue increases must match further spending cuts. but as this deal shows, he often compromises at the last minute. that's the important part. let's leave it there. has president obama showed when his back support against the wall, he will cave? >> the president has been very strong in these negotiations. you have to keep in mind the republicans really did not want to tax more wealthy people in our society one dime. not a dime, and he's stuck with that. i consider myself a liberal and proud of it. we did not want an increase in t the age with regard to medicaid and cpi with regard to social security benefits. and the president was strong there, and i think he'll continue to be strong, and, you know, i notice a different president since he won this election, i think he is working very closely with congress, and, again, i -- often i'm -- i'm cri
million people. it can't be done. no matter how much you tax the workers. yet, the obama administration and the democratic party continue to put forth that higher taxation will bring the massive government debt under control. perhaps the only democrat telling the truth about this is our old pal, howard dean, the uber liberal former governor of vermont. >> the truth is everybody needs to pay more taxes, not just the rich. that's a good start, but we're not going to get out of this deficit problem unless we raise taxes across the board. >> bill: now, governor dean sympathizes with the socialist philosophy and that's where the country is heading. taking from those who are productive and giving to those who are struggling. or who are working for the massive government apparatus. during this christmas season, i think we all should emulate officer deprimo, we should try to help those in need, but that help may be futile, if the government doesn't wise up and stop the incredible entitlement spending, america's economy will eventually collapse. president obama needs to invite jeffrey hillman to
. obama's term or the term of the next president for the kind of situation, not so much that greece is in but that italy is in. unsustainable debt. draconian budget cuts instead of reasonable ones now. unable to meet the commitments to the elderly and needy. we are spending ourselves broke right now. >> in his new years message pope benedict condemned unregulated capitalism. the pope thanks the world's peacemakers saying that. >> the 85-year-old pope rang in the new year by celebrating mass and preaching to a congregation of thousands. the catholic church marks the beginning of each new year as world peace day. hunger for peace, a universal longing was the dominant theme of this year's message. pope benedict deplored growing inequality between rich and poorer people. what he called the prevalence of a selfish mind set expressed by unregulated capitalism. he thanked the world's peacemakers for their efforts. they deserve praise he said for working tirelessly, often behind the scenes. i am convinced many works of peace that are abundant in the world testified to humanity's deep lodgin
victory but also both sides lost on certain respects. president obama obviously for five, six years he's been talking about this $250,000 income threshold and he did lose on that. but he did get the principle of raising rates. he didn't get the debt ceiling increase incorporated into the agreement so that is something that is going to have to come up again in two months. republicans managed to contain the tax increases to half of what president obama had asked speaker boehner for. only about $600 billion. so everyone has a chance to say they won or lost. the important thing i think here is that they all have a shot at this again in two months and so boehner can say to his republicans, you know, we have a chance for more leverage with debt ceiling debate and also the spending cuts debate that's coming up in two months. and obama can tell his people we're going to stand firm and go for that next $600 billion -- you know, $600 billion in tax increases. maybe tax reforms. everyone has an argument to make in the future and i think that is probably why this is going to pass. >> all right. we
unanimously. byl the tax hikes that he is requesting, the national debt by it'll instead of 25.8%, that's where you get cut down. it will amount toll $25.4 trillionthat's we will call at obama wins. a r the national media waiting forii that one. that is what will be. it will be a really dramaticis s scene. i want to show you exacy how changes. speaker boehner wants, oh, yeah? he is going to kick some tail. we are going to get to point you leally in dollars and the spending of this country.that'l let me rephrase that. total a $2.2 trillion reduction in thf total plan spending. we are looking at the republican plan. we will show you just how tough it is. the only difference is how we get there. mr. obama wants one thing and mr. boehner once another.see and weill see a knockdown drag out fight any big dramatic of negotiation. what you and i and all americans are looking at is the prospect of a recession next year if thed president and mr. boehner can't come to areement. as much as a 10% unemploymenttyn rate, because both as president and republican parties parties, as you can seema here, t
think is not what they should be doing, but they want to get done with this. >> and, of course, the debt ceiling, this deal doesn't address that. so we could be fighting this all over again in just a few months, president obama already saying he doesn't want to do this. where does this leave things in our last final seconds? >> yes. we'll have another routine over that and republicans feel much strengthened by that because they have the leverage and if the debt ceiling is not agreed to, then the credit rating of the united states as a country will go down. the president didn't want to play this game, looks like he's now going to have to play this game. >> and the political near the rancorring continues. >> but happy new year. >> same to you, always a pleasure to see you and we'll see you next year. >> okay. >>> on to much better news, can you believe it? the redskins are nfc east champs. last night's 10 point win over the dallas cowboys was their seventh straight victory, so good-bye 2012, hello 2013 and a trip to the playoffs. we are here with sports director scott smith. you were the g
are going to come in 2013, but president obama's saying i'm not going to play that debt ceiling game, or i'm not going to negotiate cuts with the debt ceiling. republicans say, well, they are -- they're going to demand cuts, or they won't raids the debt ceiling -- raise the debt ceiling. this is the frustration among conservatives, that the cuts always come later, they don't come now. and that's why there are going to be a lot of no votes from house republicans. rick: i remember president bush's second term statement that he had collected political capital, and he intended to use it. on the president's side here, how much political capital has he spent on this deal right now? >> well, he certainly spent some. he's going to spend a lot on immigration reform. that's going to be a very difficult fight. he also wants to move energy and gun control. i doubt he has the votes on any major gun control effort, but that's going to move very quickly early next year. so i think he spent some. the polls indicate he's in good standing now -- rick: right. >> but republicans say he's at the highest standi
the budget to deal with as well as the debt ceiling and the sequester issue, which will come back again, those are some of the details my colleague, chuck todd, gotten from inside that meeting with the senate democratic caucus. we expect president obama to be briefed on that meeting as well. vice president biden played a key role in negotiations. i am getting details from democratic source who's say the president has played an important role as well. working the phones. apparently last night after vice president biden had spoken to mcconnell, he, the president, a number of staffers met from 1:00 a.m. until 1:45 and sort of hammered out the final details of this deal and then their staffers were up until way past 3:30 this morning. this is something that has been going on overnight while a lot of people have been sloping on the white house and that is the latest we've been hearing. the president waiting to be briefed in the meeting with vice president biden. the big takeaway seems to be no democrats really voiced opposition to what the violation president was saying. it seems like it wil
of the country, be that entitlement reform, tax reform, all of those things that president obama tried to do with house speaker john boehner but ultimately failed to do in negotiations. it will be attached to the debt ceiling since it was unattached from the fiscal cliff and we will be talking about this for some time, joe. happy new year to you. >> happy new year to you, brianna, up all night and still ticking. thank you for your work. >>> eight senators voted against the compromise measure. tom harkin, tom carper and michael bennet voted no and mike lee, richard shelby, rand paul, chuck grassley and marco rubio. setting politics aside for a moment answer the question most of you are probably wondering on this new year's day, what does the measure mean for me and my wallet? cnn's christine romans is crunching the numbers. christine? >> joe for 98% income tax rates will not go up to the clinton era levels. it means if you're unemployed and you've got your last unemployment benefits check, the federal unemployment benefits check last friday, will you get another check. unemployment benefits h
. president obama has said, they have said here at the white house, at least, you know, he's not going to have that kind of fight again, which suggests he's willing to go over the debt limit and let the country default next time. >> he says that he's not playing that game anymore. let me bring ali into the conversation. the president said i'm not going down that road. we're not going to let the debt ceiling be a major political fight. the country can't stand it. the last time we went through that fight, our credit rating was diminished as all of our viewers recall. not only here but around the world. he says he's not going to do it. at some point, they have to raise the dbt ceiling, otherwise, there will be a technical default. >> a technical default. there's nobody in the world other than rand paul, who thinks we're not going to be able to pay our bills. the united states always has the ability to pay its bills. whether you agree with it or not, we have printing presses. the money may be worth less over time, but the fact is we can keep printing money. there's no danger that the bills can't b
about. if he thinks that is going to solve anything except push us further into debt, a a as a solution, it isn't. i vote we go over the cliff. i hope boehner and cantor hold the line. if the senate does not get their bill, a tough. obama has got to stop campaigning and start leading. host: a producer with fox news just sent this week. -- this tweet. now, david dreier is retiring. he will not be in congress come thursday. as rules committee chair, he has 35 more hours or so of being the chair, and then a new chair will be coming in. representative tom gray, a republican from georgia, tweets. ryan, california city, calif., independent. caller: even if we pass this resolution and we do not go over the fiscal cliff, the tax hikes, even if they are on people who make $450,000 or less, that is what small businesses are. that would kill them. the capital gains taxes and raise. the bill is like a small book to read today, but i have gotten through the majority of it and it looks like they are just postponing the majority of the issues. we are not going to cut any spending. we're going to raise
. so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we're over
Search Results 0 to 20 of about 21 (some duplicates have been removed)